Toyo Tire & Rubber has decided to increase the number of company representative directors from one to two in order to strengthen its corporate governance system in light of group growth and expansion. Chairman Katsumi Komaguchi will therefore, as of 1 January 2016, become a representative director.
Toyo has announced a raft of changes for its directors, corporate officers and other personnel, effective from 12 November. Former advisor Katsumi Komaguchi has been made chairman and director, while former senior corporate officer Takashi Shimizu has taken up the role of president, as well as representative director; group executive officer, tire business; chief risk […]
The Board of Directors at Toyo Tire & Rubber today resolved to hold an Extraordinary Meeting of Shareholders on 12 November in order to present its candidates for the positions of chairman and president. Shareholders will vote on whether to approve Katsumi Komaguchi as the company’s new chairman and Takashi Shimizu as its president.